GC Wealth Management RIA LLC Buys New Holdings in Johnson Controls International plc $JCI

GC Wealth Management RIA LLC bought a new stake in Johnson Controls International plc (NYSE:JCI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 3,948 shares of the company’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in Johnson Controls International by 101.3% in the 2nd quarter. V Square Quantitative Management LLC now owns 32,466 shares of the company’s stock valued at $3,429,000 after buying an additional 16,339 shares in the last quarter. Norris Perne & French LLP MI bought a new stake in Johnson Controls International in the 2nd quarter valued at about $218,000. Independence Bank of Kentucky increased its position in Johnson Controls International by 17.1% in the 2nd quarter. Independence Bank of Kentucky now owns 858 shares of the company’s stock valued at $91,000 after buying an additional 125 shares in the last quarter. Symmetry Partners LLC bought a new stake in Johnson Controls International in the 2nd quarter valued at about $271,000. Finally, Grandview Asset Management LLC bought a new stake in Johnson Controls International in the 2nd quarter valued at about $202,000. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock worth $922,447 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $108.92 on Thursday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $112.63. The stock’s 50 day moving average price is $106.87 and its 200-day moving average price is $97.93. The company has a market capitalization of $71.28 billion, a PE ratio of 32.32, a PEG ratio of 1.96 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%.The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has approved a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 22nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, September 22nd. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 47.48%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wolfe Research lifted their price target on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wells Fargo & Company lifted their price target on Johnson Controls International from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Zacks Research upgraded Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.28.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.